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Memento partners with US based Marygold & Co on new banking service

Memento partners with US based Marygold & Co on new banking service

The Icelandic fintech startup Memento Payments just signed a long-term contract with Concierge Technologies, a US based investment fund, to launch a new banking service in the US called Marygold & Co. The target market for the service is young adults in San Francisco who want to emphasize savings and

Cybersecurity education platform Adversary acquired by Secure Code Warrior

Cybersecurity education platform Adversary acquired by Secure Code Warrior

Adversary, a company revamping security education to minimize cybercrime, has been acquired by the Australian based secure coding company Secure Code Warrior. Secure Code Warrior develops an online security coding platform aimed to train developers to think and act with a security mindset at all times. Its offices are located

Building a Food Startup from Iceland: Interview with Garðar Stefánsson, CEO of GoodGood

Building a Food Startup from Iceland: Interview with Garðar Stefánsson, CEO of GoodGood

In the last several weeks, there’s been some interesting developments in the food startup scene. Not food-tech, but good ol’ product development, based on new ideas, branding, and lifestyle trends. GoodGood, a producer of non-sugar added sweet products, like chocolate spreads, raised $3m, and healthy snack company Responsible foods

'Awesome Reykjavik' launches to assist people settling in Reykjavik

'Awesome Reykjavik' launches to assist people settling in Reykjavik

Last week, a new community organised website – Awesome Reykjavik – launched with the goal of assisting people moving from abroad to Iceland getting settled in Iceland. “The idea is to speed up the time it takes for immigrants to get settled, by creating a guide in English,” Jökull Sólberg, one of

1939 Games secures further $1.9M funding in its latest investment round

1939 Games secures further $1.9M funding in its latest investment round

Independent game developer 1939 Games – which released their first game KARDS last week – just announced that it has secured a further $1.9 million investment, led by Icelandic VC fund Crowberry Capital, CEO of CCP Games Hilmar Veigar Pétursson and Helsinki-based VC Sisu Game Ventures. The investment will be used

Covid Response: The Startup Edition

Covid Response: The Startup Edition

Yesterday, the leaders of the Icelandic government announced the so-called “Package number 2” – a set of economic stimulus initiatives to support the Icelandic economy following the Covid outbreak. The package ranged from grants for companies that had to close due to bans on gatherings, to 100% backed loans (sounds similar

What's up with the constant "Annual Report"-reporting?

What's up with the constant "Annual Report"-reporting?

Last week, Viðskiptablaðið published a news article titled “Grid valuated at 1.7bn ISK” (or ~12m at current exchange rates). The article, which is reporting straight out of the annual report of Brunnur Ventures, states the following: “In the fund’s books, a 1.9% share of Grid is valued